Cap­stone Group hosts In­te­gra In­ter­na­tional Cross Bor­der Tax Work­shop

The Malta Independent on Sunday - - BUSINESS & FINANCE -

In­te­gra In­ter­na­tional mem­bers from over 20 coun­tries at­tended an an­nual tax work­shop or­gan­ised and hosted by the Malta mem­ber firm, Cap­stone Group at the Westin Drag­o­nara Re­sort last month.

The tax work­shop brings to­gether tax spe­cial­ists from the net­work’s mem­ber firms to dis­cuss the lat­est de­vel­op­ments in tax leg­is­la­tion and how it im­pacts cross bor­der trans­ac­tions. Spe­cific case stud­ies rel­a­tive to the theme set for the an­nual work­shop are pre­sented by the var­i­ous speak­ers which fo­cus on how the spe­cific sit­u­a­tion would be han­dled from a do­mes­tic per­spec­tive. This topic for this year’s work­shop was ‘Exit Tax­a­tion & Suc­ces­sion Plan­ning’ with pre­vi­ous themes in­clud­ing BEPS and the in­tro­duc­tion of the Com­mon Re­port­ing Stan­dard (CRS).

Luana Sci­cluna, tax man­ager of Cap­stone Group de­scribed the theme of the work­shop as fol­lows: “An exit tax is a tax on ac­crued gains that be­comes charge­able when a tax­payer moves as­sets out­side a ju­ris­dic­tion with­out trans­fer­ring them to third par­ties, or when a tax­payer changes res­i­dence.” David Borg, Ad­vi­sory Part­ner at Cap­stone Group and a mem­ber of the In­te­gra In­ter­na­tional Global Board of Direc­tors com­mented: “In­te­gra tax work­shops of­fer mem­ber firms a plat­form from where top­i­cal is­sues can be dis­cussed with each del­e­gate, giv­ing fo­cus on treat­ment of a par­tic­u­lar trans­ac­tion in his or her par­tic­u­lar coun­try. This al­lows all mem­bers par­tic­i­pat­ing to un­der­stand the im­pact that cross bor­der trans­ac­tions will have on their clients’ busi­ness and ap­ply this knowl­edge in the best in­ter­ests of their clients as well as stim­u­lat­ing di­a­logue be­tween the par­tic­i­pants.” For Europe, the har­mon­i­sa­tion be­tween mem­ber states through the

im­ple­men­ta­tion of the Anti-Tax Avoid­ance Di­rec­tive (ATAD) was also dis­cussed. Some EU mem­ber states are al­ready com­pli­ant with ATAD, whereas other EU mem­ber states are ex­pected to in­tro­duce an exit tax or amend their exit tax rules in line with ATAD by 1 Jan­uary 2020.”

Tax Spe­cial In­ter­est Group co­or­di­na­tors, Franz Sch­weiger from BF Con­sult­ing and Dirk Lehmann from Wage­mann & Part­ner, were this year’s main speak­ers. Other speak­ers in­cluded Alessia Vinci from Stu­dio Sci­betta Poa­maro, Ben Taleb Soumaya from Lon­den & Hol­land, James Col­clough and Tim Cook from Wilder Coe, Pa­trice Dando Pa­trice from DPA Ex­per­tise Con­seil, SARL, An­gela Hard­bat­tle from Gil­mour Group, Ger­ard Es­pos­ito from Leaf Saltz­man, Juli­eta Lopez-Chicheri from Bellav­ista Le­gal, S.L., Els Man­naert from Nor­way Ac­coun­tants, Oishi Takuya from Ac­tus Tax Cor­po­ra­tion, Luana Sci­cluna from Cap­stone Group, Eddy Ye­ung from CPS Tax­a­tion Ser­vices Lim­ited.

Cap­stone Group is a well-es­tab­lished firm of pro­fes­sional ac­coun­tants and au­di­tors with sig­nif­i­cant ex­pe­ri­ence across mul­ti­ple dis­ci­plines in­clud­ing the fi­nan­cial ser­vices sec­tor. Cap­stone Group is also as­so­ci­ated with ARQ Group, the lat­ter be­ing a joint ven­ture be­tween ‘Cap­stone and the law firm ‘FFF Le­gal’.

In­te­gra In­ter­na­tional is a global, in­ter­ac­tive as­so­ci­a­tion of Ac­coun­tants, Au­di­tors, Tax and Busi­ness Ad­vi­sors. With over 123 part­ner firms present in 66 coun­tries across the globe, In­te­gra of­fers its mem­ber firms con­ti­nu­ity and cross bor­der so­lu­tions for all their client’s trans­act­ing across mul­ti­ple ju­ris­dic­tions. Mem­ber firms of­fer ex­panded pro­fes­sional ser­vices to their clients, in­clud­ing meet­ing their na­tional and in­ter­na­tional needs. The typ­i­cal pro­file of speak­ers in such work­shops would be tax part­ners in the var­i­ous firms or se­nior man­agers in tax de­part­ments. Coun­tries rep­re­sented in­cluded mem­ber firms from AAA (Aus­tralia, Asia and the Amer­i­cas) and EMEIA (Europe, Mid­dle East, In­dia & Africa). For more in­for­ma­tion, please visit www.cap­stone­group.com.mt.

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